Figma Shares Plunge 12.6% as Surging Trading Volume Ranks 149th in Market Activity

Figma (FIG) closed at $69.41 on August 19, 2025, with an 8.86% decline, marking a 12.6% two-day drop. Trading volume surged to 640 million, a 91.14% increase from the prior day, ranking 149th in market activity. Technical indicators highlight oversold conditions, with RSI at 27 and KDJ signaling extreme exhaustion. Bollinger Bands identify $68.61 as a critical support level, while Fibonacci retracement targets $86.14 and $97.00 as key resistance for potential rebounds. Expanding volatility and bearish volume patterns underscore continued downside risks unless $76–$78 resistance is reclaimed.

Price action reveals persistent selling pressure, with recent candlesticks showing repeated failures to sustain rallies. The $68.61–$76.57 range closed near session lows, forming long upper wicks. Previous support at $76.31–$78.24 has shifted to resistance, while the $65–$68 zone becomes pivotal for buyers. Short-term moving averages (5-day at $76.64, 10-day at $79.97) remain bearish, and the price stays below these levels, confirming the downward bias. A golden cross or sustained recovery above the 10-day SMA near $80 would signal a potential trend reversal.

MACD momentum remains bearish, with the line below the signal line and zero, while KDJ’s oversold reading (K <20) suggests indecision. Bollinger Bands at 2σ ($68.69–$91.25) indicate elevated volatility, and the price tests the lower band after breaking below the 20-period average. Volume has expanded on down moves, including 8.96 million shares traded on August 19, signaling potential stabilization after multi-month lows. However, bearish volume patterns persist, with down days outpacing up days in recent sessions.

The strategy of buying the top 500 stocks by daily trading volume and holding for one day from 2022 to 2025 yielded a 1.98% average 1-day return and a 7.61% annualized return. Despite stability, returns were modest, with a Sharpe ratio of 0.71, reflecting low risk-adjusted performance.